Blue Trust Inc. Acquires 869 Shares of Amphenol Co. (NYSE:APH)

Blue Trust Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,642 shares of the electronics maker’s stock after purchasing an additional 869 shares during the period. Blue Trust Inc.’s holdings in Amphenol were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Swedbank AB raised its position in Amphenol by 38.5% during the 3rd quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after purchasing an additional 1,000,000 shares during the last quarter. Trust Co. of Vermont raised its position in Amphenol by 7.1% during the 3rd quarter. Trust Co. of Vermont now owns 4,547 shares of the electronics maker’s stock valued at $296,000 after purchasing an additional 303 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new position in shares of Amphenol during the 3rd quarter worth approximately $321,000. Raymond James & Associates grew its holdings in shares of Amphenol by 31.5% during the 3rd quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock worth $29,616,000 after acquiring an additional 108,965 shares during the period. Finally, Revolve Wealth Partners LLC grew its holdings in shares of Amphenol by 51.4% during the 3rd quarter. Revolve Wealth Partners LLC now owns 5,373 shares of the electronics maker’s stock worth $350,000 after acquiring an additional 1,825 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APH. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Stock Performance

Shares of APH opened at $68.88 on Monday. The business’s fifty day simple moving average is $71.18 and its two-hundred day simple moving average is $68.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $52.06 and a 12 month high of $79.39. The company has a market cap of $83.05 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 1.99 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.96%. Amphenol’s payout ratio is 34.46%.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.